Diagnostics: Unraveling the Future

The Indian diagnostic industry is characterized by a high degree of fragmentation with over 100K labs. This fragmentation challenges the capability, scalability, and quality of labs. On the other hand, it also provides an opportunity to consolidate newer business models to evolve. The diagnostic industry is characterized by a high degree of fragmentation with over 100K labs. This fragmentation challenges the capability, scalability, and quality of labs. On the other hand, it also provides an opportunity to consolidate newer business models to evolve. The Indian medical diagnostic industry has emerged as a preferred play in India’s growing healthcare sector, driven by attractive margins and good headroom for growth. The industry is expected to grow at around 14% touching US$ 20B by FY26. The Praxis report ‘Diagnostics: Unraveling the Future’ gives an in-depth insight into the underlying success factors to ride the wave of growth in the Indian diagnostics industry.